This potential oil and gas reserve off the coast of Pohang would be huge for South Korea’s economy considering how dependent it is on foreign oil imports:
President Yoon Suk Yeol said Monday that a potentially massive oil and gas reserve could be buried off the southeast city of Pohang and drilling will begin later this year to determine whether it is real.
The reserve off Yeongil Bay in Pohang, about 260 kilometers southeast of Seoul, could hold up to 14 billion barrels of oil and gas, an amount that could meet South Korea’s gas demands for 29 years and oil demands for four years, Yoon said.
He cited a geophysical study conducted by an unidentified foreign seismic research company.
Yonhap
You can read more at the link.
It will be interesting to see if the Yoon administration stops Park Hang-sak and his group, Fighters for a Free North Korea, from sending propaganda balloons to North Korea in order to put and end to the North Korean trash attacks:
A cleaner takes away bags of trash carried airborne by North Korean balloons in a parking lot outside a shopping mall in Siheung, Gyeonggi Province, on June 2, 2024. (Yonhap)
North Korea said Sunday it will temporarily stop sending trash-filled balloons across the border to South Korea, though it also threatened to resume such operations if Seoul sends more anti-Pyongyang leaflets.
In a statement carried by the official Korean Central News Agency (KCNA), North Korean Vice Defense Minister Kim Kang-il claimed Pyongyang had sent 3,500 balloons, carrying 15 tons worth of debris, toward South Korea between Tuesday night and Sunday morning.
Kim offered to temporarily halt that activity because it was solely in response to anti-communist leaflets flown up north by South Korean activists.
Kim added that should South Korea send such leaflets again, North Korea will retaliate with balloons carrying “garbage amounting to 100 times” the quantity of those propaganda pieces of paper.
Yonhap
You can read more at the link.
I doubt the North Koreans are going to care much about these loudspeaker broadcasts blaring again:
The presidential National Security Council (NSC) is expected to discuss a plan to resume propaganda campaigns via loudspeakers across the border with North Korea, in response to the North’s launch of some 600 balloons carrying trash to the South, a source close to the matter said Sunday.
The NSC meeting will be held Sunday afternoon and presided over by National Security Adviser Jang Ho-jin, according to the office of President Yoon Suk Yeol.
Earlier in the day, South Korea’s military said North Korea has been sending the trash-carrying balloons to the South since Saturday, despite the South warning it would take “unendurably” painful measures against such provocative acts.
It marks the first time the presidential office will hold an NSC meeting over the North’s balloon provocation.
Yonhap
You can read more at the link.
It will be interesting to see how long the Kim regimes decides to keep launching these trash attacks:
North Korea has sent around 600 more balloons carrying trash to South Korea and continued jamming GPS signals for five straight days against the South, Seoul’s military said Sunday, as South Korea’s presidential office was considering taking countermeasures.
South Korea’s Joint Chiefs of Staff (JCS) said it has detected more than 600 balloons that floated across the Military Demarcation Line separating the two Koreas and fell in different parts of the country between 8 p.m. Saturday and 10 a.m. Sunday.
The balloons carried various pieces of trash, such as cigarette butts, paper and plastic bags, just like the previous balloons, according to the JCS.
“About 20 to 50 balloons are moving per hour through the air and coming down in Seoul, Gyeonggi Province, North Chungcheong Province, and North Gyeongsang Province,” a JCS official said on the condition of anonymity, adding it is possible more balloons will be detected.
Yonhap
You can read more at the link, but these trash attacks are actually very clever. It is a cheap provocation with little threat of escalation that puts pressure on the Yoon administration to negotiate to stop them the longer they go on.
Please leave anything you want to discuss in the comments section.
